Shares of Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$2.10.
ELD has been the subject of several recent analyst reports. Canaccord Genuity decreased their target price on Eldorado Gold from C$2.00 to C$1.25 in a research report on Friday, March 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$1.50 target price on shares of Eldorado Gold in a research report on Friday, March 23rd. Desjardins cut Eldorado Gold from a “hold” rating to a “sell” rating and decreased their target price for the stock from C$1.75 to C$1.00 in a research report on Thursday, March 22nd. Finally, Eight Capital decreased their target price on Eldorado Gold from C$1.60 to C$1.30 in a research report on Friday, March 23rd.
In other news, Director George Raymond Burns acquired 388,400 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The stock was acquired at an average cost of C$1.25 per share, for a total transaction of C$485,500.00. Also, insider Timothy Francis Garvin bought 90,000 shares of the business’s stock in a transaction on Friday, April 6th. The shares were bought at an average price of C$1.23 per share, for a total transaction of C$110,700.00. Over the last quarter, insiders have purchased 478,700 shares of company stock valued at $596,497.
COPYRIGHT VIOLATION NOTICE: This report was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://stocknewstimes.com/2018/04/20/analysts-set-eldorado-gold-corp-eld-price-target-at-2-10.html.
Eldorado Gold Company Profile
Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.
Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.